The Roaring Nineties: A New History of the World's Most Prosperous Decade

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W. W. Norton & Company, 2003 - Business & Economics - 379 pages
8 Reviews
How one of the greatest economic expansions in history sowed the seeds of its own collapse. With his best-selling Globalization and Its Discontents, Joseph E. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States. This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost.
  

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Review: The Roaring Nineties: A New History of the World's Most Prosperous Decade

User Review  - Teo Graur - Goodreads

Although repetitive and visibly biased in some respects, Stiglitz does manage to take us back in the 80s and 90s and exhaustively portray the purposeful exaggerated deregulation of those times and the ever-transforming consequences. Read full review

Review: The Roaring Nineties: A New History of the World's Most Prosperous Decade

User Review  - Dinesh singh rawat - Goodreads

I couldn't understand this book probably.But as far as I can understand this book is more about America's growth in Nineties and problem associated with that Growth. That fast growth problems surfaced in early two thousand. Read full review

Selected pages

Contents

Boom and Bust Seeds of Destruction
3
Miracleworkers or Lucky Mistakes?
29
The AllPowerful Fed and Its Role in Inflating the Bubble
56
Deregulation Run Amok
87
Creative Accounting
115
The Banks and the Bubble
140
Tax Cuts Feeding the Frenzy
170
Making Risk a Way of Life
180
Globalization
202
Enron
241
Debunking the Myths
269
Toward a New Democratic Idealism Vision and Values
281
Further Lessons on How to Mismanage the Economy
320
Notes
337
Index
359
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About the author (2003)

Joseph Stiglitz is professor of economics at Columbia University.

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